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Job title
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Sr Specialist Portfolio Management
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Grade
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Stream
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Portfolio
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Function
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Portfolio Management
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Location
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Oman – Muscat
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Budget control
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*OPEX and/or CAPEX and/or Revenue amount as relevant*
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Reporting to
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Head of Portfolio Management
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Direct Reports
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0
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Job purpose
Execute OQ Group’s interest in specific companies (assets), under Head of Asset Management, acting as team player & primary liaison between investments assigned and OQ Group as required. through: (1) Monitor performance of assets and drive value addition of portfolio investments assigned, (2) Provide regular reports on investments that compare actual performance to projected performance & ensure compliance of portfolio to plan, and (3) Assess economic valuation on portfolio companies' risks and develop risk mitigation measures to optimizing the performance & reliability; in order to drive its performance and push investee companies to achieve effectively and efficiently venture objectives.
The position will act in accordance with the Group’s Mission, Vision, Values & Strategies, as well as, policies, guidelines, and international standards, supported by an IT Technology platform, HSE standards, Omani’s government & other legal justifications, and best international practices in consonance with national objectives.
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Main tasks and responsibilities
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Asset Strategy Development
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- Collaborate with cross-functional teams to define asset management strategies aligned with business goals.
- Support the development of the overall shareholder strategy for assets ensuring alignment with overall corporate objectives and long-term energy transition goals.
- Review and monitor the implementation of the assets’ business plan in collaboration with planning team, and Board nominees of the asset.
- Manages cascading of KPIs / strategic initiatives to relevant assets to achieve OQ strategy and targets.
- Identifies and develop synergies across the assets within the portfolio.
- Prepare financial projections in collaboration with planning team, understanding implications on cash flow and profitability of the assets.
- Provides support on assets divestment activities and its impact on portfolio ensuring that the activities are aligned with overall OQ strategy.
- Provides support on business development activities for assets under management.
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Asset Performance Monitoring
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- Review the performance of asset based on the agreed business plan and KPIs and highlights areas of concern for timely action by the management / shareholder representatives.
- Support in identification of strategy implementation shortfalls and the recommendation of corrective actions.
- Establish and maintain accurate and up-to-date asset data covering its operational and financial performance.
- Communicate the performance of assts to Portfolio management leadership.
- Identify and assess risks associated with asset operations and develop mitigation plans.
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Asset Management and Execution
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- Support the economic evaluation and develop risk mitigation measures.
- Own overall shareholders’ strategic initiatives plan and monitor progress. Lead the implementation of these initiatives to improve assets value.
- Support the implementation of the asset appropriate governance.
- Support the shareholder Board nominees in developing and challenging the strategy / business plan and other initiatives of assets, by actively and regularly engaging with them and providing the right analysis.
- Manage the overall interaction between OQ and assets.
- Act as the focal point for all the information and data required from the asset.
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Risk Management
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- Identify and assess risks associated with asset operations and develop mitigation plans. Implement risk management processes and protocols to ensure compliance with regulatory requirements and industry best practices
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Capital Investment Planning
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- Collaborate with finance and operations teams to develop capital investment plans for asset upgrades, replacements, and expansions. Conduct feasibility studies, cost-benefit analyses, and business cases to support investment decisions.
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Asset Data Management & Reporting
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- Provide regular reports on assets that compare actual performance to projected performance & ensure compliance of portfolio to plan.
- Generate investment and asset management reports periodically and as and when required
- Develop, maintain, and review financial models and valuations for existing investments regularly as required.
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Regulatory Compliance
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- Ensure compliance with applicable regulations and standards.
- Stay updated on regulatory changes and implement necessary measures to maintain compliance.
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Stakeholder Engagement
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- Hold regular discussions / meetings and provide support by being involved in specific tasks and responsibilities.
- Ensure smooth communication and record keeping between asset owners.
- Be the primary liaison between companies assigned as asset manager and the rest of Group as required.
- Participate as required to Group Meetings or Board or Steering Committees of portfolio companies
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Continuous Improvement
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- Constantly identify areas of improvement and lead value addition initiatives
- Drive continuous improvement initiatives in asset management processes, practices, and systems.
- Monitor industry trends, best practices, and emerging technologies to identify opportunities for innovation and enhancement
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Key interactions
Internal: OQ Group Assets/Subsidiaries, OQ SAOC Streams
External: External consultants, Government entities / representatives
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Notable Working Conditions. Office environment, intensive computer screen use, sporadic visits to operation site.
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Education requirements
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- Minimum qualification is a bachelor’s degree in finance, Accounting, Economics, Engineering, Operations Management, or a related field.
- Master’s degree or CFA qualifications (preferred)
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Language
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Excellent knowledge of written, read, and spoken English (required) | Arabic - Native (desirable)
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Background and experience
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Competencies and skills
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- A minimum of 6-8 years of relevant experience
- Ability to apply the knowledge to manage the organization's assets effectively and efficiently.
- Experience in developing an in-depth understanding of the assets and the industry they operate in, as well as the shareholder strategy.
- Ability to develop effective reporting system to track the performance of the assets to ensure that they are meeting the shareholder's expectations.
- Continuous improvement mindset and familiarity with lean principles Knowledge of financial analysis and capital budgeting.
- Financial accounting concepts and corporate finance skills
- Strong financial modelling skills. Ability to build MS Excel based financial models from scratch.
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Soft:
- Strong, communication, planning and analytical skills.
- Ability to work in a team environment and collaborate across regions and functions.
- Ability to prioritize and manage multiple projects and tasks simultaneously.
Technical
- Computer literacy including MS Office
- Financial Analysis & Modelling
- Understanding of key value drivers of business leading to commercial success.
- Investment & Market Analysis
- Understanding of Oil & Gas business streams (Upstream, Downstream, Alternative Energy, Commercial, EPC Projects, and project management).
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